Published On: Wed, Dec 14th, 2016

Council approves TIF financing for redevelopment project

Randolph — The City Council is going ahead with TIF financing for a community improvement project.

Council members signed papers for the Tax Increment Financing project; looked at ways to make improvements at the Wastewater Treatment Facility and accepted the monthly police report at the Dec. 7 City Council meeting.

Council members held a public hearing before approving a Redevelopment Plan Amendment and Cost Benefit Analysis for the city’s first TIF project.

The application for the TIF project submitted by Jason and Kristi Schmit involving the construction of a house on West Wayne Street had been approved by Council members during the November council meeting.

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